Kingfish underperforms market, pays $4.4m performance fee
Unclear whether fund management staff to receive bonus.
Tim Hunter
Mon, 29 Apr 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Listed investment fund Kingfish has paid its manager a performance fee of $4.4 million for the year to March, despite underperforming the NZX50 index by five percentage points.
Kingfish chairman Alistair Ryan refused to say what Kingfish returns were for the year, saying they would be reported
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Tim Hunter
Mon, 29 Apr 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
